Popular Articles

China Life may help in pre-IPO placement
Reliance Life is in talks with Chinese insurance giant China Life for a pre-initial public offer (IPO) placement. The Anil Dhirubhai Ambani group company is also in discussions with a private equity player for a total placement of 15 per cent stake.

Ranbaxy-Daiichi working on 3-yr plan for synergy
Ranbaxy Laboratories and its Japanese parent Daiichi Sankyo are working on a three-year plan for exploiting synergies in operations to enhance their generic as well as branded business across the globe.

News of the day

Glenmark Pharma raises Rs 413 cr through QIP
Glenmark Pharmaceuticals has raised Rs 413 crore through its recently concluded Qualified Institutional Placement (QIP), which will be used towards its debt reduction plan, a top company official said.
Small Business

Jindal's 1200 MW plant under cloud

The 1200 MW thermal power project of Jindal India Limited at Kaniha near here, estimated to cost Rs 6,000 crore, is under a cloud as the twelfth meeting involving the local administration, company authorities and the affected villagers remained inconclusive. - Jindal"s power project faces another roadblock - RPDAC fails to resolve land rate issues of Jindal India Power - JSPL RPDAC meet today - Locals stall Monnet power plant work - MCL Kaniha project oustees unwilling to cede land This time, the sub committee of the Rehabilitation and Peripheral Development Advisory Committee (RPDAC) chaired by the district collector held its meeting with the participation of the affected locals of Derenge village near Talcher. The locals of this village are split into two factions with one faction opposing displacement and the other in favour of it. The land losers demanded a payment of Rs 15 lakh as cash package by Jindal India Power to those land oustees who fail to get a job in the company.


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